The newspaper said that the building at 2801 Elm Street is on the National Register of Historical Places, and was built sometime between 1901 and 1911.

It has housed a saloon in 1911 and a syrup manufacturer in 1922. By 1938, it was an auto repair shop called Long Machine Tool Co, which relocated to Ferris in 1996, but whose name still adorns the building.

“There’s a lot of nostalgia associated with this building in Deep Ellum,” Ballard told the newspaper.

The Morning News said the Deep Ellum Hostel will have a restaurant and lounge in the 8,000 square-foot structure. According to the report, another 2,000-foot addition is planned in the back.

The hostel will have 15 rooms that are either shared or private. The shared rooms will follow a more traditional hostel route of having bunk beds that can hold up to four to six people in total.